871
871
Dec 29, 2012
12/12
by
WETA
tv
eye 871
favorite 0
quote 0
>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the f
>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was...
141
141
Dec 24, 2012
12/12
by
MSNBCW
tv
eye 141
favorite 0
quote 0
s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday saying he would accept a deal as long as it does not allow taxes to go up on middle class americans, as long as it extends unemployment insurance and lays the groundwork for deficit reduction in the future. so there's sort of scaling back their expectations. house speaker boehner tried to get an alternative bill passed through the house last week. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, pr
s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday...
89
89
tv
eye 89
favorite 0
quote 0
rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
289
289
Jan 1, 2013
01/13
by
CNNW
tv
eye 289
favorite 0
quote 0
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time....
267
267
Jan 1, 2013
01/13
by
CNNW
tv
eye 267
favorite 0
quote 0
cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's going to be, as they say here, they're going to get stuck with this bill and they're not going to have any other choice but to bring it up and probably pass it. >> can we assume, dana, that the senators, maybe even the vice president, will emerge from the meeting that is under way right now and come to the microphones that are near you? >> i would love to say yes, but we're getting some signals from democratic leadership sources that harry reid will probably not come and talk to us. however, i have seen this movie before. we're told that h
cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's...
173
173
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 173
favorite 0
quote 0
there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there's three people who are leaving so today being the final day, there are going to be a lot of people saying good-bye to dick lugar, kent conrad, and herb kohl. >> there is a little bit of that going on. it's funny because there were good-bye speeches given before christmas but a lot of those senators are speaking again and so they're certainly milking this for all it's worth because they're here until thursday morning when the new congress begins in the afternoon. >> all right. ed, thanks so much for joining us. still to come, toure's thoughts on this cliff-mas eve. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in
there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there's three people who are leaving so today being the final day, there are going to be a lot of people saying...
281
281
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 281
favorite 0
quote 0
they don't deal with a fiscal cliff. tape freeze, and property. a bunch of votes that don't deal with the big issue we're talking about. bottom line, does this go through tonight? >> i don't think so. because they, they are going to have 36 hours. they have until 11:59 on thursday. they like the last minute. if they got this far over the cliff they'll keep going a whiling longer. we should say here the democrats don't love the bill. the house democrats all sign on to this. so if the democrats lose some and republicans are scrounging for their 40 to 50 -- >> bret: that is the key question today. the house minority whip, steny hoyer would not answer the question how will votes will you bring to the table? how will democrats will you bring to the table if it's an up-or-down vote? that is a big question, too. >> if the president is behind it and the democratic controlled senate is behind it, i can't -- maybe a few left wing democrats, but you have the minority leader in the house supporting it. leadership supporting it strongly. i can't see the democr
they don't deal with a fiscal cliff. tape freeze, and property. a bunch of votes that don't deal with the big issue we're talking about. bottom line, does this go through tonight? >> i don't think so. because they, they are going to have 36 hours. they have until 11:59 on thursday. they like the last minute. if they got this far over the cliff they'll keep going a whiling longer. we should say here the democrats don't love the bill. the house democrats all sign on to this. so if the...
201
201
Dec 30, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yourself into a corner, we did this with the debt ceiling, we did this with the government shutdown, the way we do business now, we should get used to it, that's how things are done t is the 11th hour we need an 11th hour deal. 11th hour deals are never particularly good. everybody is going to give something up. i just hope they all prepare to give something up and get a deal. it is not going to be pretty. i will be here t
today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to...
155
155
Dec 28, 2012
12/12
by
KPIX
tv
eye 155
favorite 0
quote 0
cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all retirees? >> all retirees. and they all get paid the same. >> reporter: nothing. >> nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, everyone.
cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all...
138
138
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 138
favorite 0
quote 0
how much of what is ultimately able to get done depends on the outcome of this fiscal cliff fight? >> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is also good in some respects for republicans. so do republicans want immigration reform before the next election? do they want to dig out of the hole they're in with hispanic voters? so there is some mutual interest. i think that gun fight is going to be very difficult but i think that's something that we're going to see, if it doesn't happen this year it may happen the next year or the year after. it is just something that i think the president will want to leave office having achieved. so nothing is going to be easy. we'll have very many brinks, you know, and a lot of fighting over principles which is
how much of what is ultimately able to get done depends on the outcome of this fiscal cliff fight? >> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is...
151
151
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 151
favorite 0
quote 0
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
163
163
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 163
favorite 0
quote 0
behind the scenes in the fiscal cliff negotiations and now what it takes to get a deal done. c! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! >>> developing now, we just got an emphatic denial from the white house about that rumored proposal being sent to the hill by president obama to senate republicans to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it
behind the scenes in the fiscal cliff negotiations and now what it takes to get a deal done. c! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the...
700
700
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 700
favorite 0
quote 0
if they can get it done tonight on the eve of of the fiscal cliff, they can actually say they were able to get it done before we went over the cliff. that they were not so deeply, deeply irresponsible that they actually let us go over the cliff, to hammer a deal out. sometimes the congress likes to make a show of working very hard at the last minute, like a college student, who procrastinated, and then finally got the paper done. this is an embarrassing show of how we legislate in this country, but they are showing that it can be responsible, get this deal done, and go home. >> in what way can you describe the tone that this has taken, primarily this evening, as of yesterday it was this big blame game going on with fingering pointing. and really over the past couple of weeks it has been a roller costar. one day, all of this bipartisan spirit, the other day there is not. how do you think this whole thing is ending up as we stand here tonight. >> it is always a good policy in washington to assume that cooperation leads to compromise. oftentimes it is not, oftentimes what leads to compromi
if they can get it done tonight on the eve of of the fiscal cliff, they can actually say they were able to get it done before we went over the cliff. that they were not so deeply, deeply irresponsible that they actually let us go over the cliff, to hammer a deal out. sometimes the congress likes to make a show of working very hard at the last minute, like a college student, who procrastinated, and then finally got the paper done. this is an embarrassing show of how we legislate in this country,...
124
124
Dec 31, 2012
12/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something. today i am introducing the act -- the cliff alleviation at the last minute act. the act would do three important things. it will soften the financial blow the fiscal cliff, it will colmar financial markets, it gives us the certainty of a plan. it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial marke
the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow...
55
55
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 55
favorite 0
quote 0
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
151
151
Dec 31, 2012
12/12
by
CNNW
tv
eye 151
favorite 0
quote 0
. >>> the clock is ticking toward the showdown on the fiscal cliff. one of the big questions is, what will happen next? shawn tully is here, editor at large for "fortune" magazine, he joins us from new york right now. you have followed most of the major economic stories for more than 20 years now. i'm not trying to make you seem old. sometimes i do, when i say how long i've been doing this. is this the first time you've seen something go this close to the wire? >> i think so, don. and what's really troubling about the debate is really missed by a lot of commentators, this is really a spending issue. we understand that even if taxes go up on individuals making over 200,000 and families making over 250, it only plugs about 8% of the deficit problem over the next ten years. we have a $1.3 trillion deficit for 2012. it will be about a trillion for 2013. we're borrowing 35 cents on the dollar. the enormous problem is interest rates are way below normal, so when they spike, which they inevitably will, and the government is borrowing very short term to keep
. >>> the clock is ticking toward the showdown on the fiscal cliff. one of the big questions is, what will happen next? shawn tully is here, editor at large for "fortune" magazine, he joins us from new york right now. you have followed most of the major economic stories for more than 20 years now. i'm not trying to make you seem old. sometimes i do, when i say how long i've been doing this. is this the first time you've seen something go this close to the wire? >> i...
160
160
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 160
favorite 0
quote 0
>> people who have been watching these fiscal cliff negotiations for a long time basically expected it to play out pretty much the way it played out. there was not much real expectation that any grand bargain would happen because this is still a lame duck session of congress and the fact is in these negotiations neither side has maximum leverage until it's right up to the very last second. so that's when everybody feels they have the best ability to exact the demands that will satisfy their constituents and as a result it just really is not in either side's interest to make an agreement before you get to the last second because that is when everybody feels they have the most leverage. and we're going to see the same dynamic again with these other issues, most notably the debt ceiling coming in a couple months. >> thank you very much for your perspective. happy new year. >> same to you. >>> well the house action is about to officially begin so don't go anywhere. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big d
>> people who have been watching these fiscal cliff negotiations for a long time basically expected it to play out pretty much the way it played out. there was not much real expectation that any grand bargain would happen because this is still a lame duck session of congress and the fact is in these negotiations neither side has maximum leverage until it's right up to the very last second. so that's when everybody feels they have the best ability to exact the demands that will satisfy...
180
180
Dec 27, 2012
12/12
by
CNBC
tv
eye 180
favorite 0
quote 0
>> i agree with the notion that, of course, we're at mercy of the fiscal cliff talks, and i do think that the near term picture for equities is not looking very good because anybody who has any faith that these guys are going to get a deal done within the next couple of days i think is kidding themselves, as we've been kidding ourselves for the past couple of months. i worry about the bond picture in general simply because of the duration risk. i think, you know, the fund flow things that you talked about earlier, very important. we've seen the rush into bonds. i think that's coming to an end. equities and the fed pushing you there and the fed will get its way. >> very have to cut it short and signals we'll hear from mitch mcconnell soon. i'll see you coming up in a little bit on countdown, kathy, and jeff, we'll see you a little bit later as well. a quick break and then come back and senate republican leader mitch mcconnell is set to talk to reporters. maybe we'll get more ideas and light shed on what's going on in washington on the fiscal cliff. more after this. stay tuned. excuse
>> i agree with the notion that, of course, we're at mercy of the fiscal cliff talks, and i do think that the near term picture for equities is not looking very good because anybody who has any faith that these guys are going to get a deal done within the next couple of days i think is kidding themselves, as we've been kidding ourselves for the past couple of months. i worry about the bond picture in general simply because of the duration risk. i think, you know, the fund flow things that...
207
207
Dec 24, 2012
12/12
by
CNNW
tv
eye 207
favorite 0
quote 0
. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane.
. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady...
339
339
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 339
favorite 0
quote 0
, the economy is really at stake, people's taxes are at stake, and if we go over the fiscal cliff, individuals will see taxes go up by $2,000, there is a lot of pressure on congress and white house to take action. that pleasure is playing a huge role. >> kristen welker and kelly o'donnell, thank you, both. we continue our breaking coverage of fiscal cliff talks and what appears to he about a last-minute break through when we come back. please stay with us. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. [ ship
, the economy is really at stake, people's taxes are at stake, and if we go over the fiscal cliff, individuals will see taxes go up by $2,000, there is a lot of pressure on congress and white house to take action. that pleasure is playing a huge role. >> kristen welker and kelly o'donnell, thank you, both. we continue our breaking coverage of fiscal cliff talks and what appears to he about a last-minute break through when we come back. please stay with us. ♪ [ male announcer ] why do...
233
233
Dec 28, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
cliff, has a lot of the damage been done, brian? >> i think it has. that's a good point and i think what you need to do is put your trader hat on and say i'm going to trade this for a hope rally, but if you're a longer term investor i would use any type of rally to take any profits that i have because i think a lot of damage has been done over the last year. businesses have been paralyzed and now the consumer has been paralyzed. what advice do you have among people trying to invest amidst this uncertainty. >> i think long term they're much more important for factors at work than what happens with this budget deal. >> thank goodness. >>a you will we would do if we went over the cliff from a tax point of view is install the tax structure from the clinton administration. >> we'll show people right now that you like homebuilders and you like retailers, right? put that up. heebner likes retail, home building, what's the third one? automobiles. >> all early-cycle stocks. i like these stocks because the economy is going to be -- has a mult
cliff, has a lot of the damage been done, brian? >> i think it has. that's a good point and i think what you need to do is put your trader hat on and say i'm going to trade this for a hope rally, but if you're a longer term investor i would use any type of rally to take any profits that i have because i think a lot of damage has been done over the last year. businesses have been paralyzed and now the consumer has been paralyzed. what advice do you have among people trying to invest amidst...
216
216
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 216
favorite 0
quote 0
number one, they're done with fiscal cliff. >> yeah. >> and also kicking the can down the road. but to your point, that is exactly what's going to happen, and whatever comes out of this deal and whenever the vote happens, this is really barely the start. >> reporter: correct. and i think that folks really need to brace themselves for what's going to be a very contentious next three to four months here on capitol hill. we had an election a few months ago, as you well know, chris. you covered it so much on top of the ball, and a lot of folks thought, okay, that election was going to answer a lot of questions. the president won, he won by 4 million votes. that is sort of the idea where the country is moving. when we do stories, we do those men on the street, and everyone sort of post-election has had this idea of it's time for shared sacrifice. we understand there's going to be some tough decisions made. we're going to have to give. that message has not resonated too much with house republicans specifically here in washington, d.c. they're negotiating very hard until the end becaus
number one, they're done with fiscal cliff. >> yeah. >> and also kicking the can down the road. but to your point, that is exactly what's going to happen, and whatever comes out of this deal and whenever the vote happens, this is really barely the start. >> reporter: correct. and i think that folks really need to brace themselves for what's going to be a very contentious next three to four months here on capitol hill. we had an election a few months ago, as you well know,...
146
146
Dec 30, 2012
12/12
by
CNNW
tv
eye 146
favorite 0
quote 0
cliff stuff done. speaker boehner took issue, won't surprise you either, with the president's appearance, in particular the president saying wait i have offered $1 trillion worth of cuts, i offered two to one spending cuts and here's what boehner had to say -- the president's comments are ironic as a recurring theme of our negotiations was his unwillingness to agree to anything that would require him to stand up to his own party. needed cuts and reforms that the president agreed to last year were no longer on the table as he cited an inability it to sell them to democrats. somebody is inflexible here. >> he accuses the president of the failure of leadership and in these days when somebody in washington uses the word leadership what they are meaning is caving in and bringing you own party along. i think the president was very clear in this interview that his strategy all along he is not going to be drawn into these negotiations because the white house thinks that one of the biggest mistakes of his presi
cliff stuff done. speaker boehner took issue, won't surprise you either, with the president's appearance, in particular the president saying wait i have offered $1 trillion worth of cuts, i offered two to one spending cuts and here's what boehner had to say -- the president's comments are ironic as a recurring theme of our negotiations was his unwillingness to agree to anything that would require him to stand up to his own party. needed cuts and reforms that the president agreed to last year...
271
271
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 271
favorite 0
quote 0
does it appear that work is done or of course talking about fiscal cliff and done to three, four, five, sometimes two men talking in a room. so are you busy, working or still thinking you shouldn't be there maybe right now? >> we are not doing anything. we have to be here because if there is an agreement then we have the responsibility to vote on it but as far as what we're doing, this is the real exciting part of my day right now talking to you. >> sir, that's remarkable and i know you're joking and grinning but to american people waiting and wondering about their paycheck for the next day, two, week, month and to hear a member of congress to say we're here and doing nothing, that's hard to register. >> i agree with them. this is an indictment of congress that we have come to this state and where the function that most members of congress have is to simply be on hand so that in the event the negotiators reach agreement we can ratify or reject it but the fact to december 31st, new year's day and all of us should be with our families and america have some confidence that congress does h
does it appear that work is done or of course talking about fiscal cliff and done to three, four, five, sometimes two men talking in a room. so are you busy, working or still thinking you shouldn't be there maybe right now? >> we are not doing anything. we have to be here because if there is an agreement then we have the responsibility to vote on it but as far as what we're doing, this is the real exciting part of my day right now talking to you. >> sir, that's remarkable and i know...
121
121
Dec 27, 2012
12/12
by
FBC
tv
eye 121
favorite 0
quote 0
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their conscience
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next,...
185
185
Dec 29, 2012
12/12
by
WTTG
tv
eye 185
favorite 0
quote 2
cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >>
cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks...
143
143
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 143
favorite 0
quote 0
the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix, that doesn't mean he's going to take his eye off the economy. he learned the lesson of this early in his first term when he said, okay, we took care of that, we did the stimulus, let's move on to health care. it would be perilous to move away from the economy for this president. in terms of other issues, certainly immigration is low-hanging fruit and he can move very quickly on that. and he needs to move very quickly on guns because if he doesn't move very quickly, he's not going to get anything on that. >> agreed. jonathan, there was a lot to cheer for in twafl, support for marriage equality, health care reform, we moved closer to full recognition of the dream act, not to mention the election itself which was a big victory. but, you know, those victories are going to have to be preserved and we know there's going to be more on a lot of those issues coming in 2013. the states have to implement obama c
the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix, that doesn't mean he's going to take his eye off the economy. he learned the lesson of this early in his first term when he said, okay, we took care of that, we did the stimulus, let's move on to health care. it would be perilous to move away from the economy for this president. in terms of other issues,...
68
68
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 68
favorite 0
quote 0
by noon on thursday and avert the fiscal cliff. obviously the holiday is over tomorrow. the markets are open. people are back to business and earning paychecks. paychecks that will be taxed at a much higher rate. >> the question is if speaker boehner will violate the rule, will he bring this bill to the floor and not have majority. >> that's still a question. >> but still get the bill passed. >> stand by. we will continue to discuss these latest developments coming out of the house and whether or not this bill coming from the senate, 89-8 will be taken up on the floor. stay with us. but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare.
by noon on thursday and avert the fiscal cliff. obviously the holiday is over tomorrow. the markets are open. people are back to business and earning paychecks. paychecks that will be taxed at a much higher rate. >> the question is if speaker boehner will violate the rule, will he bring this bill to the floor and not have majority. >> that's still a question. >> but still get the bill passed. >> stand by. we will continue to discuss these latest developments coming out...
364
364
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 364
favorite 0
quote 0
will go over the fiscal cliff. but what about this deal that is shaping up and may be a done deal? we now turn to chief congressional correspondent mike emanuel live monitoring all of the back and forth up on the hill. hi, mike. >> hi, bret, good evening. democratic sources feel like there is a deal between the white house and congressional republicans to move forward on the deal. republican sources essentially vice president biden s up here to push it across the finish line. there are are some reluctant democrats who think that extending the bush tax cut should have a lower rate. they were hoping it would be only extended for are individuals making $200,000, couples making $250,000. all indications are are the number is going to be extended for those making up to $400,000 and $450,000. a compromise if you will and so bottom line the vice president has come up here to meet with senate democrats to it essentially push it across the finish line after a long day of negotiating with senate republican leader mitch mcconnell. he told members earlier in the day he thought he had a done de
will go over the fiscal cliff. but what about this deal that is shaping up and may be a done deal? we now turn to chief congressional correspondent mike emanuel live monitoring all of the back and forth up on the hill. hi, mike. >> hi, bret, good evening. democratic sources feel like there is a deal between the white house and congressional republicans to move forward on the deal. republican sources essentially vice president biden s up here to push it across the finish line. there are...
158
158
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 158
favorite 0
quote 0
economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american history. so, it took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort. >> so, here's what in that imperfect bill. tax rates will rise for individuals making over $400,000 and couples making more than $450,000. high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for f
economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american...
88
88
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 88
favorite 0
quote 0
cliff deal, and how much that might rub off on the democratic side? i don't think there's any real concern on the democratic side, but there is still some discontent. >> i think there's some discontent. the art of compromise is getting a deal that no one likes, and there's always going to be some extent people who don't like certain parts of the deal. for democrats it had to do primarily with the rates that the president drew a line at 250, and he had to move because that was the reality of trying to get something passed, and i think that's what you saw with the -- you know, there was only a handful really in the senate. in the house i think you'll probably lose a few democrats. the real leakage and slippage will be on the republicans and whether speaker boehner can even get a little bit over 100 of his members to support it. that's, i think, the real question. does he have a full scale rebellion when he meets to sell them on this deal. we've seen this before, as we've heard some of the commentators talk about that this notion that republicans will ba
cliff deal, and how much that might rub off on the democratic side? i don't think there's any real concern on the democratic side, but there is still some discontent. >> i think there's some discontent. the art of compromise is getting a deal that no one likes, and there's always going to be some extent people who don't like certain parts of the deal. for democrats it had to do primarily with the rates that the president drew a line at 250, and he had to move because that was the reality...
150
150
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 150
favorite 0
quote 0
. >>> no deal in sight before the so-called fiscal cliff. coming up, an update on what if anything can be done from the ranking democrat on the house budget committee, maryland congressman chris van hollen and new information of kelly o'donnell and check out the "news nation" tumblr page. lots of behind the scenes pictures. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> we are about a half hour away now with the meeting between president obama and top leaders of both parties. joining the president and vice president, boehner, pelosi, reid and mcconnell. their goal, agree on something before the country falls off
. >>> no deal in sight before the so-called fiscal cliff. coming up, an update on what if anything can be done from the ranking democrat on the house budget committee, maryland congressman chris van hollen and new information of kelly o'donnell and check out the "news nation" tumblr page. lots of behind the scenes pictures. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on...
111
111
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 111
favorite 0
quote 0
what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between senator reid and senator mcconnell, than i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class f
what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john...
129
129
Dec 26, 2012
12/12
by
MSNBCW
tv
eye 129
favorite 0
quote 0
we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respe
we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour...
178
178
Dec 31, 2012
12/12
by
CNNW
tv
eye 178
favorite 0
quote 0
they don't want to see the fiscal cliff happen. they want to see the tax cuts for middle class people maintained and they want to see all the other things i suggested. these are relatively simple things. we don't have to get into the complexities of major spending cuts, entitlements. we can just do these things the president suggestened and put oursds in a position to tackle these more broad fiscal issues next year. >> valerie, i promise i'm going to get you in. are you a democrat? not valerie, john. >> well, we're a nonpartisan organization. >> because you're saying these things the president wants to get in. is this ideological for you because i'm reading between the lines of what you're saying. you're saying it appears this is being held up and it appears you're saying the republicans are holding it up. >> well, the president has put forth some pragmatic temporary solutions to get us to the point where we continue go over the fiscal cliff, and he said he's willing to sit down and talk with republicans about a broader deal next y
they don't want to see the fiscal cliff happen. they want to see the tax cuts for middle class people maintained and they want to see all the other things i suggested. these are relatively simple things. we don't have to get into the complexities of major spending cuts, entitlements. we can just do these things the president suggestened and put oursds in a position to tackle these more broad fiscal issues next year. >> valerie, i promise i'm going to get you in. are you a democrat? not...
170
170
Dec 28, 2012
12/12
by
WUSA
tv
eye 170
favorite 0
quote 0
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time p
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking....
172
172
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 172
favorite 0
quote 0
>> ed, truth be known, and we see this fiscal cliff and the calamity of the day on january 1st, tonight is true the white house dot much care if they get it on the first or the fifth? >> reporter: you're right, with withholding, some people will not feel the effects of a tax increase the first couple of days, you might have time to finagle that, the treasury department has that authority. the fact of the matter, what they're more nervous about in the white house and republicans on the hill are unclear what will happen. will it be a tarp moment like in 2008 when the tarp legislation got voted down and president bush was imploring the fell mrow republicans. it's a bitter pill to swallow. they voted it down and the markets plunged 5, 600, 700 points and everybody figured it out. what's going to happen with the markets, they're closed new years day, but when they open january 2nd, we have several consecutive days the markets have gone down not by a ton, but if they're plunging on january 2nd, that's what they're more nervous about. >> andrea. >> we've heard a lot of names in these behind cl
>> ed, truth be known, and we see this fiscal cliff and the calamity of the day on january 1st, tonight is true the white house dot much care if they get it on the first or the fifth? >> reporter: you're right, with withholding, some people will not feel the effects of a tax increase the first couple of days, you might have time to finagle that, the treasury department has that authority. the fact of the matter, what they're more nervous about in the white house and republicans on...
99
99
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 99
favorite 0
quote 0
cliff. look, the last minute, as tom cole said, the deals come together at the last minute. the last minute was really before christmas. as a practical matter, that is how these deals come together each of the last three years of the obama administration, on the budget, on deficit, on tax cuts years ago. they came together before christmas. it's hard to see how this works out at this point, to tell you the truth. there is a conference call at 2:30 among house republicans trying to decide what to do. we expect the leadership to let the rank and file know what their plans are. the speaker is not in washington. we understand he is in ohio of his home state. the president has landed here back at the white house in washington. it's unclear exactly where they go from here. essentially what john boehner is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every v
cliff. look, the last minute, as tom cole said, the deals come together at the last minute. the last minute was really before christmas. as a practical matter, that is how these deals come together each of the last three years of the obama administration, on the budget, on deficit, on tax cuts years ago. they came together before christmas. it's hard to see how this works out at this point, to tell you the truth. there is a conference call at 2:30 among house republicans trying to decide what...
93
93
Dec 30, 2012
12/12
by
FBC
tv
eye 93
favorite 0
quote 0
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yt. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush tax c
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american...
173
173
Dec 29, 2012
12/12
by
KRCB
tv
eye 173
favorite 0
quote 0
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...
132
132
Jan 1, 2013
01/13
by
CSPAN
tv
eye 132
favorite 0
quote 0
cliff if we had not taken action. it means an awful lot in illinois. we have literally tens of thousands in my own state that face the same basic problem. these are people who have been out of work for a long time. some are in school. some are taking courses for retraining. all are trying to keep their family together, not lose their home while their unemployed. -- they are unemployed. this was the president's second highest priority and it was included in this package. review ask the congressional budget office where to spend $1 to help the economy, they will be clear that it is unemployment benefits. the dollar you spend on unemployment benefits go back into the economy. they are spending it on goods and services to get by, utility bills, rent, mortgage payments, food, clothing, the basics of life. each dollar has a multiplier effect. it is $1.60 ultimately into the economy. it is not only the humane and right thing to do for a struggling economy, but a good thing for boosting economic growth. one of the real disapp
cliff if we had not taken action. it means an awful lot in illinois. we have literally tens of thousands in my own state that face the same basic problem. these are people who have been out of work for a long time. some are in school. some are taking courses for retraining. all are trying to keep their family together, not lose their home while their unemployed. -- they are unemployed. this was the president's second highest priority and it was included in this package. review ask the...